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LEO

BNY Mellon Strategic Municipals
LEO

72 hedge funds and large institutions have $65.2M invested in BNY Mellon Strategic Municipals in 2018 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 21 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.37% more ownership

Funds ownership: 11.97% → 15.33% (+3.4%)

1% more funds holding

Funds holding: 71 → 72 (+1)

8% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 12

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

5% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 21

22% less capital invested

Capital invested by funds: $84M → $65.2M (-$18.8M)

Holders
72
Holders Change
+1
Holders Change %
+1.41%
% of All Funds
1.6%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
13
Increased
20
Reduced
21
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CA
Cornerstone Advisory
Maryland
+$5.99M
2
RCM
Rivernorth Capital Management
Florida
+$5.98M
3
SIA
Sit Investment Associates
Minnesota
+$1.82M
4
Morgan Stanley
Morgan Stanley
New York
+$1.61M
5
DFG
Delphi Financial Group
Delaware
+$1.34M

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$4.44M
2
GC
Guggenheim Capital
Illinois
-$943K
3
CRC
Curi RMB Capital
Illinois
-$793K
4
PPA
Parametric Portfolio Associates
Washington
-$549K
5
Wells Fargo
Wells Fargo
California
-$495K
Name Holding Trade Value Shares
Change 		Change in
Stake
HI
26
HBK Investments
Texas
$491K +$493K +68,379 New
PPA
27
Parametric Portfolio Associates
Washington
$393K -$549K -76,137 -58%
LPL Financial
28
LPL Financial
California
$372K -$2.24K -310 -0.6%
DLG
29
Daniel L. Goodwin
$345K – – –
Goldman Sachs
30
Goldman Sachs
New York
$309K +$311K +43,073 New
WA
31
WealthTrust Axiom
Pennsylvania
$302K +$195 +27 +0.1%
Geode Capital Management
32
Geode Capital Management
Massachusetts
$283K +$18.4K +2,546 +7%
CA
33
Cetera Advisors
Colorado
$275K – – –
MIG
34
Mariner Investment Group
New York
$273K +$274K +38,041 New
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$264K +$224 +31 +0.1%
Ameriprise
36
Ameriprise
Minnesota
$257K +$75.8K +10,509 +42%
Millennium Management
37
Millennium Management
New York
$232K +$233K +32,290 New
Envestnet Asset Management
38
Envestnet Asset Management
Illinois
$226K +$21.9K +3,040 +11%
Northwestern Mutual Wealth Management
39
Northwestern Mutual Wealth Management
Wisconsin
$225K – – –
MAFM
40
Mid Atlantic Financial Management
Pennsylvania
$217K +$218K +30,266 New
HCM
41
Hollencrest Capital Management
California
$211K – – –
AG
42
Advisor Group
Arizona
$208K +$119K +16,500 +132%
Commonwealth Equity Services
43
Commonwealth Equity Services
Massachusetts
$201K -$70.3K -9,748 -26%
DAS
44
Dynamic Advisor Solutions
Arizona
$183K – – –
MAM
45
Marquette Asset Management
Minnesota
$181K -$58.1K -8,056 -24%
SWM
46
SeaCrest Wealth Management
New York
$174K – – –
Royal Bank of Canada
47
Royal Bank of Canada
Ontario, Canada
$170K -$273K -37,800 -62%
AWA
48
Arete Wealth Advisors
Illinois
$160K – – –
1WA
49
180 Wealth Advisors
Washington
$148K – – –
SWP
50
Stratos Wealth Partners
Ohio
$144K – – –
1
2
3 4

LEO Hedge Fund Activity: Q4 2018 in Review

72 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q4 2018, worth a combined $65.2M — down 22% from $84M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new LEO positions and 12 closed out — a net gain of 1 holder — while 20 added to existing stakes and 21 trimmed.

The largest buyer was Cornerstone Advisory, adding an estimated $5.99M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $4.44M sold.

  • 72 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q4 2018, up from 71 in Q3 2018.
  • Funds reported $65.2M of BNY Mellon Strategic Municipals stock for Q4 2018, down 22% quarter-over-quarter.
  • 13 funds opened new BNY Mellon Strategic Municipals positions in Q4 2018 and 12 closed out, a net change of +1 holder.
  • The largest BNY Mellon Strategic Municipals buyer in Q4 2018 was Cornerstone Advisory, an estimated $5.99M added.
  • The largest BNY Mellon Strategic Municipals seller in Q4 2018 was Laurion Capital Management, an estimated $4.44M sold.

Based on aggregated 13F filings for Q4 2018.